Aftermarket (merchandise)

In economic literature, the term "aftermarket" refers to a secondary market for the goods and services that are 1) complementary or 2) related to its primary market goods (original equipment).^[1]^[2]^[3] In many industries, the primary market consists of durable goods, whereas the aftermarket consists of consumable or non-durable products or services.^[4]

Accordingly, the "aftermarket goods" mainly include products and services for replacement parts, upgrade, maintenance and enhancement of the use of its original equipment.^[3]^[5] Examples of durable goods and their associated aftermarket goods and services include: razor handle mounts and disposable razor blades designed to mount in that handle; computer printers and their matching printer cartridges; and new cars and optional upgrades that can be installed after the car is purchased, such as car stereos or fog lights.

^ Vootman, John J (1993). "curbing aftermarket monopolisation". J. Legis.
^ Waldman, Michael (2003-01-01). "Durable Goods Theory for Real World Markets". The Journal of Economic Perspectives. 17 (1): 131–154. doi:10.1257/089533003321164985. JSTOR 3216843.
^ ^a ^b Carlton, Dennis W.; Waldman, Michael (2010-04-01). "Competition, Monopoly, and Aftermarkets". Journal of Law, Economics, and Organization. 26 (1): 54–91. doi:10.1093/jleo/ewp006. hdl:10419/262566. ISSN 8756-6222. S2CID 12821661.
^ Cabral, Luis M. B. (2008-04-01). "Aftermarket Power and Basic Market Competition". Rochester, NY. SSRN 1281912. {{cite journal}}: Cite journal requires |journal= (help)
^ Blume, Lawrence E; Durlauf, Steven N, eds. (2012). "Durable Goods Markets and Aftermarkets". The New Palgrave Dictionary of Economics, 2012 Version. doi:10.1057/9781137336583. ISBN 9781137336583.

[:0-1] Vootman, John J (1993). "curbing aftermarket monopolisation". J. Legis.

[:1-2] Waldman, Michael (2003-01-01). "Durable Goods Theory for Real World Markets". The Journal of Economic Perspectives. 17 (1): 131–154. doi:10.1257/089533003321164985. JSTOR 3216843.

[:2-3] Carlton, Dennis W.; Waldman, Michael (2010-04-01). "Competition, Monopoly, and Aftermarkets". Journal of Law, Economics, and Organization. 26 (1): 54–91. doi:10.1093/jleo/ewp006. hdl:10419/262566. ISSN 8756-6222. S2CID 12821661.

[:3-4] Cabral, Luis M. B. (2008-04-01). "Aftermarket Power and Basic Market Competition". Rochester, NY. SSRN 1281912. {{cite journal}}: Cite journal requires |journal= (help)

[:4-5] Blume, Lawrence E; Durlauf, Steven N, eds. (2012). "Durable Goods Markets and Aftermarkets". The New Palgrave Dictionary of Economics, 2012 Version. doi:10.1057/9781137336583. ISBN 9781137336583.

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